SAN FRANCISCO – Among the companies whose shares are expected to see active trading in Monday's session are Anadarko Petroleum Co., Sun Microsystems Inc., and Pitney Bowes Inc.
Anadarko Petroleum (APC) is expected to report second-quarter earnings of 79 cents a share, according to a survey of analysts by Thomson Financial.
CB Richard Ellis Group Inc. (CBG) is expected to post earnings of 41 cents a share for the second quarter.
Community Health Systems (CYH) is expected to report second-quarter earnings of 57 cents a share.
Hanover Insurance Group Inc. (THG) is expected to post earnings of $1.06 a share for the second quarter.
Pitney Bowes (PBI) is expected to report second-quarter earnings of 70 cents a share.
Principal Financial Group (PFG) is expected to post earnings of 97 cents a share for the second quarter.
Hanover Insurance Group Inc. (THG) is expected to report second-quarter earnings of $1.06 a share.
Mosaic Co. (MOS) is expected to post earnings of 41 cents a share for the fourth quarter.
Powerwave Technologies Inc. (PWAV) is expected to report a second-quarter loss of 16 cents a share.
Sun Microsystems (SUNW) is expected to post earnings of 5 cents a share for the fourth quarter.
After Friday's closing bell, Nike Inc. (NKE) it suspended a contract to sell athletic apparel associated with Atlanta Falcons quarterback Michael Vick, who has been accused of running a dog-fighting ring. See full story.
Banco Santander-Chile (SAN) recorded second-quarter earnings of 84 cents an American depositary share on core revenue up 19%. On average, analysts expected the Santiago, Chile, company to record per-ADS earnings of 86 cents, according to a poll by Thomson Financial.
Bristol-Myers Squibb Co. (BMY) and ImClone Systems Inc. (IMCL) said the companies amended the terms of their agreement for the co-development and co-promotion of Erbitux in North America. The companies will expand investment in ongoing clinical development for Erbitux, a cancer treatment, by up to several hundred million dollars. Bristol-Myers is responsible for all development costs up to an undisclosed threshold value. The companies will seek the addition of numerous Phase II and III trials to research Erbitux's activity in many therapeutic settings. ImClone shares rose 59 cents, or 1.8%, to $34.15 in after-hours trading, while Bristol-Myers shares were flat at $28.64.
Coca-Cola Bottling Co. Consolidated's (COKE) second-quarter net income rose 32% to $11.7 million, or $1.28 a share, from $8.89 million, or 97 cents a share, a year earlier, due in part to holiday promotions and its tea products and lower operating expenses. Results from the most recent quarter include $200,000 in restructuring costs. The Charlotte, N.C.-based beverage bottler's net sales increased to $390.4 million from $386.6 million in the year-ago period. The company expects restructuring charges to total as much as $2 million after taxes in 2007.
Hertz Global Holdings Inc. (HTZ) said that Chief Financial Officer Paul Siracusa plans to retire, effective Aug. 31. The Park Ridge, N.J.-based car rental company said it has named Elyse Douglas as interim CFO while an internal and external search is conducted.
KVH Industries Inc. (KVHI) said it has agree to pay $5.3 million to settle securities class action claims filed against the company and certain of its officers in 2004 by KVH shareholders, as well as two related lawsuits filed against certain of KVH's directors and officers. KVH says its insurance carrier will make the payment. Middletown, R.I.-based KVH makes mobile satellite communications products.
NewMarket Corp. (NEU) reported second-quarter net earnings of $30.9 million, or $1.78 a share, up from $20.4 million, or $1.17 a share, in the year-ago period. Excluding items, income from continuing operations came in at $1 per share, said Richmond, Va.-based NewMarket, a maker of chemical additives. Revenue rose in the quarter ended June 30 rose to $338.8 million compared from $325 million in the year-ago period.
NovaStar Financial Inc. (NFI) said it has approved a 1-for-4 reverse stock split of its outstanding common shares. The stock will begin trading on a split-adjusted basis on July 30, the Kansas City, Mo.-based residential lender and mortgage portfolio manager said.
TriZetto Group Inc.'s (TZIX) second-quarter net income rose 4.5% to $6.13 million, or 11 cents a share, from $6.41 million, or 14 cents a share, a year earlier on higher revenue. The Newport Beach, Calif., computer software and services company's revenue increased 31% to $114.8 million from $87.7 million a year ago. Analysts polled by Thomson Financial, on average, predicted second-quarter earnings of 11 cents a share and revenue of $110.3 million. TriZetto said it may need to record a one-time charge of $300,000 to $6.7 million for the current quarter, in which case the company expects to offset the charge with a gain in the third quarter. Separately, TriZetto named Robert Barbieri, who most recently served as chief financial and performance officer of Lawson Software Inc.